Goods for which the quantity that a consumer chooses, increases as the consumer's income increases and decreases as the income decreases are called?
Inferior goods
Normal goods
Complementary goods
Substitute goods
The demand for inferior good increases with ________ in the consumer's income.
increase
decrease
constant
double
Short run marginal cost curve cuts the average variable cost curve from ............at the minimum point of average variable cost.
top
below
right
left
__________ is the number of individuals of the population who left the habitat and gone elsewhere during the time period under consideration.
Natality
Mortality
Immigration
Emigration
The demand for an inferior good decrease with ....... in the consumer's income.
increase
decrease
constant
double
If the ........... firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
A commodity market has a ............. structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
'Foreign Jurisdiction' is listed in the ............. list given in the Seventh Schedule in the Constitution of India.
Union
State
Global
Concurrent
